NBT Bancorp Inc. (NASDAQ:NBTB) declared a quarterly dividend on Tuesday, October 25th. Investors of record on Thursday, December 1st will be given a dividend of 0.23 per share on Thursday, December 15th. This represents a $0.92 annualized dividend and a yield of 2.33%. The ex-dividend date of this dividend is Tuesday, November 29th.

NBT Bancorp (NASDAQ:NBTB) opened at 39.52 on Thursday. The company has a 50-day moving average price of $34.96 and a 200 day moving average price of $31.36. NBT Bancorp has a 12-month low of $23.81 and a 12-month high of $40.96. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of 22.20 and a beta of 0.79.

NBT Bancorp (NASDAQ:NBTB) last announced its quarterly earnings results on Monday, October 24th. The company reported $0.46 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.01. The company had revenue of $96.31 million for the quarter. NBT Bancorp had a net margin of 19.35% and a return on equity of 8.73%. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter last year, the business earned $0.45 EPS. On average, equities research analysts predict that NBT Bancorp will post $1.80 EPS for the current year.

Dividend History for NBT Bancorp (NASDAQ:NBTB)

In related news, CEO Martin A. Dietrich sold 21,741 shares of NBT Bancorp stock in a transaction on Monday, November 14th. The shares were sold at an average price of $40.20, for a total transaction of $873,988.20. Following the sale, the chief executive officer now owns 186,920 shares of the company’s stock, valued at approximately $7,514,184. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Patricia T. Civil sold 3,250 shares of NBT Bancorp stock in a transaction on Wednesday, November 16th. The stock was sold at an average price of $38.74, for a total transaction of $125,905.00. Following the sale, the director now directly owns 24,168 shares in the company, valued at approximately $936,268.32. The disclosure for this sale can be found here. Corporate insiders own 2.83% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC increased its stake in NBT Bancorp by 21.8% in the third quarter. SG Americas Securities LLC now owns 5,982 shares of the company’s stock valued at $197,000 after buying an additional 1,071 shares during the period. Profund Advisors LLC increased its stake in NBT Bancorp by 1.6% in the second quarter. Profund Advisors LLC now owns 9,850 shares of the company’s stock valued at $282,000 after buying an additional 154 shares during the period. BlackRock Inc. increased its stake in NBT Bancorp by 345.8% in the second quarter. BlackRock Inc. now owns 13,112 shares of the company’s stock valued at $376,000 after buying an additional 10,171 shares during the period. Thrivent Financial for Lutherans increased its stake in NBT Bancorp by 4.8% in the second quarter. Thrivent Financial for Lutherans now owns 20,820 shares of the company’s stock valued at $596,000 after buying an additional 960 shares during the period. Finally, Arizona State Retirement System increased its stake in NBT Bancorp by 0.9% in the second quarter. Arizona State Retirement System now owns 22,312 shares of the company’s stock valued at $639,000 after buying an additional 200 shares during the period. 47.12% of the stock is currently owned by hedge funds and other institutional investors.

NBTB has been the topic of a number of research analyst reports. Zacks Investment Research lowered shares of NBT Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, September 28th. Keefe, Bruyette & Woods lifted their target price on shares of NBT Bancorp from $27.00 to $28.00 and gave the company a “market perform” rating in a report on Friday, July 29th. Boenning Scattergood lowered shares of NBT Bancorp from a “neutral” rating to an “underperform” rating and set a $33.50 target price on the stock. in a report on Thursday, November 17th. Finally, Piper Jaffray Cos. lowered shares of NBT Bancorp from a “neutral” rating to an “underweight” rating and set a $31.00 target price on the stock. in a report on Wednesday, November 16th.

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About NBT Bancorp

NBT Bancorp Inc is a financial holding company. The Company conducts its business through NBT Bank, National Association (the Bank) and other subsidiaries, which provide commercial banking and financial services to customers in its market area, including central and upstate New York, northeastern Pennsylvania, southern New Hampshire, western Massachusetts, Vermont and Portland, Maine area.

5 Day Chart for NASDAQ:NBTB

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